The Story
News Summary
- David Tepper's Appaloosa Management trimmed positions in memory chipmakers and purchased $242 million in Apple put options.
- Higher memory component costs threaten Apple's gross margins, while its elevated valuation of 36 times forward earnings presents downside risks.
Explore AAPL price history & advisor snapshot
These are separate market snapshots and may predate this story. Check the data period, generation time and expiry before using them in your research.
Stored market data
AAPL price history
332.64
+20.43% over the displayed period
Advisor Snapshot
Unlock Member-Only Insights
Reserved for TradingNews24 members. Log in or create a free account to access market signals and exclusive tools.